Hi folks,
I just joined the group today. I’m so new at this I joined Coinbase yesterday and am thrilled I earned a little bit of Amp and RNDR. I thought as a start I’d take all their tutorials to get my feet wet. I’ve stumbled upon all the Vosk Youtube videos over the weekend. The content is great and understandable. I want to jump right in and follow his affiliate links and purchase the miners he recommends.
I have a BIG QUESTION: Why don’t people just construct their own miners rather than paying up to 50k for them. The hardware can’t be that expensive, can it?
Looking forward to ‘meeting’ ya’ll here in the group.
1 Like
Sure, you can build your own GPU/CPU/Raspberry Pi mining rig which obviously cost less than an ASIC miner but an ASIC miner is one thing you can’t build. And to acquirer the means to build a single ASIC would cost far more than the ASIC itself. There’s the clear pros & cons of spending big money on an ASIC but therein lies the reason toward the cost
1 Like
Ok. Thanks for the clarification. Like I said, I’m new at this and that was a burning question that kept popping in my head.
No problem. Usually the advice I give for beginning miners all boils down to your budget. Obviously if you have a big budget then you’d wanna go for a powerful ASIC miner or a few decently hashing ASIC’s. Another type of mining that has a great ROI is Helium(HNT) mining. The average Helium miner in my area makes about $150 per month with a machine that cost $500 retail. ROI is less than 4 months in most occasions!
Thanks. What brand of miner are you using?
For hotspot mining Helium I use SenseCAP M1’s. They’re very solid. I only recommend a Bobcat 300 or SenseCAP M1, maybe a MNTD miner from RAK wireless.
I also have a GPU rig with 6 3070 Ti’s, one Mini Doge, 3 Antminer L3+‘s. Working to get a few Goldshell KD boxes soon